Hassans has played a significant part in the rapid growth of Gibraltar’s property market.
Hassans’ Property department has advised on some of the largest, most high profile and significant projects in this market. Our residential and commercial property team offers the full range of relevant services, assisting in the sale and purchase of residential and commercial property in Gibraltar, advising in relation to and drafting of commercial and retail leases, as well as in relation to resolution of disputes arising in the context of property. We guide our clients through the myriad of legal and commercial issues involved in a development project working closely alongside public and private stakeholders. Our work generally involves: the purchase of freehold or leasehold interest in land for residential or mixed-use development; planning and construction law advice; funding aspects; off-plan pre-sales involving reservation agreements and agreements for lease; through to completion of underleases and release of security. We have extensive expertise acting for banks on lending on property located in Gibraltar, whether it is residential, commercial, mixed-use, freehold or leasehold property. Our work typically includes conducting property due diligence and reports on title, drafting and negotiating loan facilities and debentures, and advising on taking and granting of security over property, advising on property covenants, representations and warranties, repayment and release of security.
Our legal practitioners’ depth and breadth of experience allows us to offer our clients the very best advice and guidance. Our clients – whether they are individuals, investors (often those with large portfolios and complex group structures), financing institutions, funds, developers, construction companies, landlords or tenants – choose us because we understand their objectives and offer the innovation, experience, technical expertise, clarity of advice and commitment to get their transactions completed effectively and efficiently. We offer in-depth practical experience and creative solutions to challenges with a transparent fee structure.
We have extensive experience acting for sellers and purchasers in all aspects of residential property in Gibraltar. Our expertise spans the range of properties from the affordable housing developments and tenders of ex-Ministry of Defence housing to off-plan apartments and luxury accommodation. We are on the panel to act for all banks and building societies in Gibraltar on residential mortgages and re-mortgages which benefits our clients in reducing overall legal costs. We strive to ensure that transactions proceed as smoothly and efficiently as possible whilst always keeping our clients informed and updated at every key stage when buying or selling a property.
Commercial and retail leases
Our commercial property experts work with landlords and tenants across the board, on the grant or taking of commercial or retail leases. We are experts in drafting and negotiating heads of terms and agreements for leases, lease renewals, lease terminations or surrenders, rent reviews, repairs, alterations and dilapidations, obtaining or granting landlord consent, assignments, subleases, management agreements and all other lease-related transactions. We regularly advise companies holding commercial and/or retail leases on the legal and costs implications of a change of shareholding and related tax considerations.
Emma Labrador, a Senior Associate Hassans’ Property team, provides us with her insights into the Gibraltar property market and the change in investment behaviour following the pandemic.Q: Now that economies […]
I really enjoyed discussing the real estate sector in Gibraltar. In this instalment of the Coffee Break Catch Up series, you will see my own thoughts and views on:(i) the […]
Hassans is delighted to have advised TNG Global Foundation on its emblematic agreements with HM Government of Gibraltar (HMGoG) in respect of the Bayside and Eastside plots.Last week, HMGoG announced […]
We are delighted to hear that the TNG Global Foundation was successful in its bids for(1) Bayside/St Anne’s site and (2) the Eastside Project – promising two exciting new developments […]
The Legal 500 wheels keep turning despite lockdown; Hassans ranked top in all categories of Legal 500 2020
Whilst not much is guaranteed during this strange time, the people behind ranking law firms in the legal directories can, in an oddly reassuring way, always be relied on to […]
Meera Aswani explores some key issues relating to the impact of the outbreak of coronavirus (COVID-19) on the commercial property sector in Gibraltar. The provisions of commercial lease agreements that […]